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RM 01-02-80
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RM 01-02-80
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South B d Redevelopment Commission <br />Regular Meeting - January 2, 1980 <br />FLOOR DISCUSSIONS <br />Mr.lButier continues... <br />the Commission would have to <br />ss itself as to how to go about that. <br />Is. Derbeck: There was another suggestion made <br />:hat (I am not being an advocate to the Mayor—or <br />raking a side because it is a very complicated <br />.ssue) I feel should be answered—because there <br />rere items in that memorandum which should be <br />Brought up and answered. I forget just exactly <br />Low it was said but there was some kind of <br />uggestion that perhaps the independent developers, <br />rho are going to independently order the title work, <br />could think that the thing to do is to hire <br />Rchiana Title. <br />1r. Ellison: It has been stated several times <br />publicly that no judgement has been made by <br />either the bank or the hotel relative to the actual <br />ssuance of the policy, and there has been some <br />.ndication that quotations either have been sought <br />,r are going to be sought sometime before next <br />pring from both of those entities. There is no <br />,vidence at this point to suggest that the bank <br />�r the hotel has in fact done business with <br />[ichiana Title Corporation relative to those <br />itles. We would not have any control over the <br />,ig policies. <br />Is. Derbeck: Maybe so, but this does not answer <br />he issue in that people might think that it is <br />he thing to do. <br />[r. Nimtz: Mr. Butler has already stated that <br />.e had spoken to Mr. Newman, of Michiana Title <br />orporation, not to issue a quote or write a <br />olicy on the big project. As I understand it <br />ommissioner Cira and Commissioner Robinson objected <br />on November 16, 1979, when Mr. Butler directed that <br />o further policies be issued for Redevelopment <br />hrough Michiana Title Corporation) objected because <br />hey said it was cutting down on competition, and <br />hat they felt that his having a minority interest <br />houldn't prevent Michiana Title from writing <br />olicies. That his 13% interest wasn't a conflict <br />f interest, etc. I really think your question <br />s academic. <br />sm <br />
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